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Hard to imagine motor claims inflation dropping in near-term: J.P. Morgan

July 27, 2022

Inflation is “beginning to bite” in the UK motor insurance market causing adverse trends, particularly relating to claims inflation, analysts at J.P. Morgan have observed.

A drop in claims inflation in the near term is hard to imagine, analysts highlighted, mainly due to supply chain issues, and wider economic inflation.

In its latest trading update, UK motor insurer Sabre estimated that claims inflation had increased materially for the company year-to-date.

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